Business Directories

Makkah new projects cost to hit $80bn

Riyadh, January 29, 2014

Costs of development projects taken up in Makkah will reach an estimated SR300 billion ($80 billion), with one-third of the funds allocated for public transportation and he King Abdullah upgrade project, a report said.

The government would also build 260 new residential districts in the city over the next 20 years, Osama Al-Bar, Makkah’s mayor, was quoted as saying in the Arab News report.

Ongoing projects costing SR6 billion include the fourth circular road, flyovers, a new lighting system, gardens and sports centers, among others, he added.

The city would integrate the metro and bus service into the transport system soon; he was quoted in the report.

“We expect to award the contracts in the first quarter of 2014. The rapid bus service will operate in 2016, while the first line of the metro system will be completed in late 2017,” Al-Bar added.